Chun Wo Development (HKG: 0711)

0711 Technical Analysis

1.5

As on
26th Sep 2017 0711 Share Price closed @
0.83 and we RECOMMENDSell
for LONG-TERM with Stoploss of
0.91 &
Buy for SHORT-TERM with Stoploss of
0.83
we also expect STOCK to react on Following IMPORTANT LEVELS.

Chun Wo Development Holdings Limited, an investment holding company, engages in the civil engineering, electrical and mechanical engineering, and foundation and building construction work businesses in Hong Kong and internationally. The company operates in Construction Work, Property Development, Property Investment, Professional Services, and Other Activities segments. It is involved in the construction of government and institutional, office, residential, and industrial buildings, as well as hospitals, schools, fire stations, sports complexes, and markets; and civil engineering works, including roads and drainages, site formation, railway works, reservoirs, waterworks, seawalls and marine construction, sewage treatment/disposal facilities, and underground construction. The company also engages in foundation works, such as piling, large-diameter bored piles, diaphragm wall construction, deep basement construction, and ancillary works. In addition, it provides electrical and mechanical coordination, project management, and sub-contracting services, including electrical, fire services, mechanical ventilation and air conditioning, plumbing, and drainage installation to a range of construction works, such as civil, residential, commercial, and industrial building projects. Further, the company is involved in railway and track works installation projects; and specialized contractor activities in maintenance and minor works projects, as well as undertakes interior decoration and fitting out works for various types of buildings. Additionally, it engages in the development, investment, sale, lease, and management of properties; trade of securities; and provision of property management and security services. The company was formerly known as Chun Wo Holdings Limited and changed its name to Chun Wo Development Holdings Limited in November 2007. Chun Wo Development Holdings Limited was founded in 1968 and is headquartered in Cheung Sha Wan, Hong Kong.

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